Hersh Shefrin | Academic Influence

Hersh Shefrin's AcademicInfluence.com Rankings

Hersh Shefrin

Economics

#368

World Rank

#462

Historical Rank

Behavioral Economics

#17

World Rank

#17

Historical Rank

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Economics

Hersh Shefrin's Degrees

Bachelors Economics University of Manitoba

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Why Is Hersh Shefrin Influential?

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According to Wikipedia, Hersh Shefrin is a Canadian economist best known for his pioneering work in behavioral finance. Shefrin received his B.S. from University of Manitoba in 1970. At the University of Waterloo in 1971 he received his M.S. in mathematics. He then obtained a Ph.D. in economics from the London School of Economics in 1974, after which he became assistant professor at the University of Rochester. In 1979 he was appointed professor at the Santa Clara University, first in the department of economics and then in 1990 to the department of finance.

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Hersh Shefrin's Published Works

Number of citations in a given year to any of this author's works

Total number of citations to an author for the works they published in a given year. This highlights publication of the most important work(s) by the author

Published Works

An Economic Theory of Self-Control (1977) (2466)
The disposition to sell winners too early and ride losers too long (1985) (1716)
THE BEHAVIORAL LIFE‐CYCLE HYPOTHESIS (1988) (1417)
Beyond greed and fear : understanding behavioral finance and the psychology of investing (2000) (1023)
Behavioral Portfolio Theory (2000) (912)
Explaining investor preference for cash dividends (1984) (639)
A Behavioral Approach to Asset Pricing (2005) (490)
Behavioral Corporate Finance (2017) (446)
Beyond Greed and Fear (2002) (400)
Behavioral Capital Asset Pricing Theory (1994) (365)
Behavioral aspects of the design and marketing of financial products (1993) (172)
Making Sense of Beta, Size, and Book-to-Market (1995) (170)
Behavioral Corporate Finance : Decisions that Create Value (2007) (169)
Behavioral Finance: Quo Vadis? (2015) (144)
Mental Accounting, Saving, and Self-Control (2011) (99)
Do Investors Expect Higher Returns From Safer Stocks Than From Riskier Stocks? (2001) (92)
The multinomial option pricing model and its Brownian and poisson limits (1989) (88)
Technical Analysis and Individual Investors (2014) (66)
Behavioralizing Finance (2010) (65)
Behavioral Portfolio Analysis of Individual Investors (2010) (56)
Ethics, Fairness and Efficiency in Financial Markets (1993) (52)
Optimal Investment in Schooling When Incomes Are Risky (1979) (40)
Credit Card Behavior, Financial Styles, and Heuristics (2011) (37)
Risk and Return in Behavioral SDF-based Asset Pricing Models (2007) (37)
On Kernels and Sentiment (2001) (36)
Behavioral decision making, forecasting, game theory, and role-play (2002) (30)
A Tale of Two Investors: Estimating Optimism and Overconfidence (2013) (25)
Information and securities: A note on pareto dominance and the second best (1987) (24)
The Contributions of Daniel Kahneman and Amos Tversky (2003) (23)
How Psychological Pitfalls Generated the Global Financial Crisis (2009) (20)
How the Disposition Effect and Momentum Impact Investment Professionals (2010) (19)
Investors’ Judgments, Asset Pricing Factors, and Sentiment (2014) (19)
Estimating Sentiment, Risk Aversion, and Time Preference from Behavioral Pricing Kernel Theory (2017) (18)
Recent Developments in Behavioral Finance (2000) (18)
Sentiment, Asset Prices, and Systemic Risk (2012) (16)
Online Investors: What They Want, What They Do, and How Their Portfolios Perform (2011) (16)
BP's Failure to Debias: Underscoring the Importance of Behavioral Corporate Finance (2011) (16)
Ethics, Fairness, Efficiency, and Financial Markets (1992) (16)
Personality and Risk (2016) (15)
Irrational Exuberance and Option Smiles (1999) (14)
Exact Aggregation and the Finite Basis Property (1988) (14)
THE BEHAVIORAL PARADIGM SHIFT (2015) (13)
The Global Financial Crisis and Its Aftermath: Hidden Factors in the Meltdown (2016) (12)
Investors' Judgments, Asset Pricing Factors and Sentiment (2015) (12)
Aggregation and Identification in Consumer Demand Systems (1990) (11)
A Behavioral Approach to Asset Pricing Ed. 2 (2008) (11)
Ex Post Efficiency and Ex Post Welfare: Some Fundamental Considerations (1988) (10)
Behavioral Portfolio Selection (2010) (10)
Positive marketing: Introduction to the special section (2015) (8)
Games with Self-Generating Distributions (1981) (8)
CHAPTER FOURTEEN. Mental Accounting, Saving, and Self-Control (2004) (8)
Determinants of the magnitude of willingness to accept relative to willingness to pay (2001) (8)
'Estimating Sentiment, Risk Aversion, and Time Preference from Behavioral Pricing Kernel Theory': Online Appendix (2017) (7)
Striking Regulatory Irons While Hot (2009) (7)
Behavioral Risk Management (2016) (7)
Behavioral Explanations of Dividends (2011) (7)
Spot trading, efficiency, and differential information (1979) (6)
Differential information and informational equilibrium (1978) (6)
Inferior Forecasters, Cycles, and the Efficient-Markets Hypothesis: A Comment (1984) (6)
On Some Global Properties of Gorman Class Demand Systems (1987) (6)
On an Implication of a Theorem Due to Gorman (1985) (5)
Insights into the Psychological Profiles of Entrepreneurs (2011) (5)
Handbook on Systemic Risk: Systemic Risk and Sentiment (2013) (5)
Prediction Tools: Financial Market Regulation, Politics & Psychology (2010) (5)
A Simple Asset Pricing Model with Heterogeneous Beliefs (2008) (5)
The Role of Behavioral Finance in Risk Management (2006) (5)
Bitcoin and Sentiment (2018) (5)
The Psychology Underlying Biased Forecasts of COVID-19 Cases and Deaths in the United States (2020) (5)
Assessing the Contribution of Hyman Minsky's Perspective to Our Understanding of Economic Instability (2013) (5)
On the combinatorial structure of Bayesian learning with imperfect information (1981) (5)
Asset Pricing and Behavioral Finance (2013) (4)
Ending the management illusion : eliminate the mental traps that threaten your organization's success (2008) (4)
Valuation Bias and Limits to Nudges (2019) (4)
Trading Volume, Information, and Trading Costs: Empirical Evidence (2003) (4)
FREE CASH FLOWS, VALUATION AND GROWTH OPPORTUNITIES BIAS (2014) (4)
Focal Points and Firm Risk (2018) (3)
The Finite Basis Property and Exact Aggregation (1982) (3)
MARKOV CHAINS, IMPERFECT STATE INFORMATION, AND BAYESIAN LEARNING (1983) (3)
On Duality Theory in Intertemporal Choice with Uncertainty (1979) (3)
Behavioural insights for improving the practice of risk management (2016) (3)
The Disposition Effect: Trading Behavior and Pricing (2008) (3)
Broadening the Scope of Financial Literacy to Incorporate Self-Control, Budgeting, and Heuristics (2019) (3)
Transaction Costs, Uncertainty and Generally Inactive Futures Markets (1981) (3)
Building On Kahneman's Insights in the Development of Behavioral Finance (2013) (2)
Interpreting α-rationality in hierarchical games (1980) (2)
Unfinished Business: A Multicommodity Intertemporal Planner-Doer Framework (2019) (2)
The signature of sentiment in conditional consumption CAPM estimates: A note (2014) (2)
Clarifying Some Misconceptions About Stock Market Economies (1984) (2)
The High Cost of Technical Analysis and Speculation (2013) (2)
Some reflections about diverse responses to the COVID-19 pandemic (2020) (2)
Benchmarks and indexing: A behavioural perspective (2000) (2)
Acquisition Risk and Psychology (2016) (1)
Financial Service Providers, AI, Satisficing, and the Human Touch In the Market for Financial Nudges and Boosts (2021) (1)
Erratum to: Behavioral Risk Management (2016) (1)
Advances in Behavioral Finance II, R.H. Thaler. Russell Sage Foundation, New York (2005), 712 pp., $45.00, ISBN: 0-691-12175-3 (2007) (1)
Systemic Risk and Sentiment Chapter Contribution to Handbook on Systemic Risk Edited by Jean-Pierre Fouque and Joe Langsam (2011) (1)
SP/A Theory: Introduction (2008) (1)
Discount Brokerage, Online Trading, and Data Overload: Increased Emphasis on Technical Analysis, Intuition, and Speculation (2012) (1)
B decision making, forecasting, game theory, and role-play (2002) (1)
Financial Literacy and Financial Education: Recommendations, Evidence and Policy Implications (2021) (1)
IPOs: Initial Underpricing, Long‐Term Underperformance, and “Hot‐Issue” Markets (2002) (1)
Minsky, the Financial Instability Hypothesis, and Risk Management (2016) (1)
Behavioral Black-Scholes (2008) (1)
Groupthink at Fannie, Freddie, and AIG (2016) (1)
Distinguishing Rationality and Bias in Prices: Implications from Judgments of Risk and Expected Return (2014) (1)
Portfolios, Pyramids, Emotions, and Biases (2002) (1)
SP/A Theory’s Focus on Three Key Emotions (2016) (0)
Information Sharing Failures at Southwest Airlines, General Motors, and the Agencies That Regulate Them (2016) (0)
Risk and the Market’s Reaction to M&A Announcements (2021) (0)
Risk Management Profiles: Con Ed, BP, and MMS (2016) (0)
Optimism in Analysts' Earnings Predictions and Stock Recommendations (2002) (0)
The Winner’s Curse Strikes at RBS, Fortis, and ABN AMRO (2016) (0)
Picking Stocks to Beat the Market (2002) (0)
Heterogeneous Judgments in Experiments (2008) (0)
JPMorgan’s Whale of a Risk Management Failure (2016) (0)
Bad Corporate Marriages: Waking Up in Bed the Morning After (2013) (0)
Behavioral Economics and Business (2015) (0)
Empirical Evidence in Support of Behavioral SDF (2008) (0)
Representative Investors in a Heterogeneous CRRA Model (2008) (0)
The economic imagination: Towards a behavioural analysis of choice: Peter E. Earl, (Sharpe, New York, 1983) pp. 224, $30.00 (1985) (0)
A BEHAVIORAL PERSPECTIVE ON MARKET RISK AND RETURN THROUGH THE FINANCIAL CRISIS (2012) (0)
Commodity Futures: Orange Juice and Sentiment (2002) (0)
Retirement Saving: Myopia and Self‐Control (2002) (0)
Risk of Fraud, Madoff, and the SEC (2016) (0)
Behavioral Dimension of Systemic Risk (2016) (0)
Aspirational Pitfalls at UBS and Merrill Lynch (2016) (0)
Sentimental Journey: The Illusion of Validity (2002) (0)
Prospect Theory: Introduction (2008) (0)
Behavioral SDF and the Sentiment Premium (2008) (0)
Cross-Section of Return Expectations (2008) (0)
Continuous Time Behavioral Equilibrium Models (2008) (0)
Reflections on the Equity Premium Puzzle (2008) (0)
SP/A-Based Behavioral Portfolio Theory (2008) (0)
Distinguishing Rationality and Bias in Prices (2014) (0)
Broadening the scope of financial literacy to incorporate self-control, budgeting and heuristics (2021) (0)
Testing for a Sentiment Premium (2008) (0)
Excessive Speculation in Foreign Exchange Markets (2002) (0)
Open‐Ended Mutual Funds: Misframing, “Hot Hands,” and Obfuscation Games (2002) (0)
CRRA and CARA Utility Functions (2008) (0)
Special Issue of Quantitative Finance on ‘Behavioral Finance’ (2014) (0)
The Money Management Industry: Framing Effects, Style “Diversification,” and Regret (2002) (0)
Closed‐End Funds: What Drives Discounts? (2002) (0)
Systemic Risk and Sentiment Chapter Contribution to Handbook on Systemic Risk (2011) (0)
Options: How They're Used, How They're Priced, and How They Reflect Sentiment (2002) (0)
Trying to Predict the Market (2002) (0)
Inefficient Markets: The Third Theme (2002) (0)
Biased Reactions to Earnings Announcements (2002) (0)
The Global Financial Crisis and Its Aftermath (2016) (0)
Special Issue on Multinational Manifestations of Behavioral Phenomena (2013) (0)
A Behavioral Approach to the Term Structure of Interest Rates (2008) (0)
Process, Pitfalls, and Culture (2016) (0)
Representativeness and Heterogeneous Beliefs Among Individual Investors, Financial Executives, and Academics (2008) (0)
Prospect Theory Portfolios (2008) (0)
“Get‐Evenitis”: Riding Losers Too Long (2002) (0)
Corporate Takeovers and the Winner's Curse (2002) (0)
Cheating Issues at S&P and Moody’s (2016) (0)
Representativeness and Bayes Rule: Economics Perspective (2008) (0)
Heuristic‐Driven Bias: The First Theme (2002) (0)
Representativeness and Heterogeneity in the Judgments of Professional Investors (2008) (0)
How Psychology Brought Down MF Global (2016) (0)
A Simple Market Model of Prices and Trading Volume (2008) (0)
Behavioral Betas and Mean-Variance Portfolios (2008) (0)
Frame Dependence: The Second Theme (2002) (0)
Preface to Second Edition (2008) (0)
Efficiency and Entropy: Long-Run Dynamics (2008) (0)
Heterogeneous Risk Tolerance and Time Preference (2008) (0)
Lessons for Future Financial Stability (2016) (0)
Biases and Risk (2016) (0)
Heterogeneous Beliefs and Inefficient Markets (2008) (0)
Prospect Theory’s Focus on Gains, Losses, and Framing (2016) (0)
Equilibrium with Behavioral Preferences (2008) (0)
Fixed Income Securities: The Full Measure of Behavioral Phenomena (2002) (0)
Handbook on Systemic Risk: BEHAVIORAL FINANCE: THE PSYCHOLOGICAL DIMENSION OF SYSTEMIC RISK (2013) (0)
Representativeness and Bayes Rule: Psychological Perspective (2008) (0)
Welfare Losses Arising from Increased Public Information, and/or the Opening of New Securities Markets: Examples of the General Theory of the Second Best (1983) (0)
A Simple Asset Pricing Model Featuring Representativeness (2008) (0)
Financial Regulation and Psychology (2016) (0)
R.H. Thaler, Advances in Behavioral Finance II, Russell Sage Foundation, New York (2005) 712 pp., $45.00, ISBN: 0-691-12175-3 (2007) (0)
Risk, Return, and Individual Stocks (2016) (0)

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